‘Pivot to Asia,’ says Arrington After SEC Subpoena

Noted Crypto investor Michael Arrington announced in a tweet on Friday that his firm Arrington XRP Capital is no longer investing in U.S. token deals. The news comes after the firm received its second subpoena from the SEC. Arrington states that the subpoena was seeking information regarding the firm’s role as an investor in a US based company. Arrington’s announcement is disheartening, but not particularly surprising. The crypto industry continues to expand and mature, but the US government so far has been reluctant to establish clear regulatory guidelines for firms operating…

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Blinded by the Light: Why Top Economists Are Wrong About Bitcoin

A long list of award winning economists have railed against Bitcoin and cryptocurrency, predicting spectacular failure. Nobel prize winner Paul Krugman has predicted the total collapse of Bitcoin because of its deflationary nature, going as far to call it “evil.” Another winner of the Nobel prize for economics and a professor at Yale University, Robert Shiller, compared Bitcoin to failed currency experiments of the past. Ken Rogoff, former IMF chief economist and Harvard professor, predicts that Bitcoin’s (BTC) 00 price will go to $100 dollars, and Nobel prize winner Joseph…

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New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin. The move is seen as key to scaling up cryptocurrency adoption and development in Africa’s biggest bitcoin market. Also read: Payments Platform Wirex Launches Iban For Spanish and French Users, Doubles Account Limits Payments Go Crypto With ‘a First for Africa’, in Nigeria, by Pundix A Nigerian importer and distributor of agriculture products has installed a point of sale…

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SEC, CFTC, FBI Take Action Against Bitcoin-Funded Securities Dealer 1Broker

Three U.S. agencies have taken action against international bitcoin-funded securities dealer 1pool Ltd., aka 1Broker. The Securities and Exchange Commission (SEC) says 1Broker violated federal securities laws. The Commodity Futures Trading Commission (CFTC) says it violated the Commodity Exchange Act. Meanwhile, the company says it is working on letting customers withdraw their funds. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals SEC’s Action The SEC announced Thursday that it has filed charges against Marshall Islands-registered 1pool Ltd., aka 1Broker, and its Austria-based CEO, Patrick Brunner, “for allegedly…

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Doomsday for Ethereum? Why Some Analysts Are Shorting ETH

Popular technology publisher TechCrunch recently published a bold prediction. It comes from Jeremy Rubin, founder of the MIT Digital Currency initiative, who believes that the price of Ethereum will go to zero. Considering the spectacular success of Ethereum over the last year, this may seem ridiculous. So what is there to back this claim up? Is this prediction a repeat of Michael Burry, who predicted the 2008 financial crisis? Or will it follow in the footsteps of the infamous opinion piece published in Newsweek, predicting that “this internet thing will…

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New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’

Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital currency with the same value as the national fiat. Also read: European Regulator Renews Restrictions on Crypto-Based Derivatives   Pound-Pegged Stablecoin on the Horizon in the UK The last couple weeks saw the arrival of new…

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BTC Price Signals a Bull Market! What Cryptos Could Follow? (EVX, XMR, DASH)

BTC price once again has torn through resistance levels and with many October catalysts seems to be on the cusp of a bullish breakout. Could a bull run be on the horizon? Market Analysis The last 3 weeks saw TRIG, VIBE, and INS predicted prior to their Northern price trends and this week an underpriced gem, EVX, which will be analyzed alongside two top privacy coins: XMR and DASH. Everyone is talking about the ETF (exchange-traded fund) when in reality it is a matter of when, not if, the fund occurs. However, the…

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Markets Update: Digital Asset Consolidation and Accumulation Continues

On Saturday September 29, cryptocurrency prices are meandering along after an interesting two weeks of ups and downs. Since last week’s crypto market dips, digital asset markets have been seemingly less volatile and many cryptocurrencies are following a tight wedge formation indicating a possible accumulation phase. Also read: Ebang Announces 44 Terahash E-11 Miners With 10nm Chips The Cryptocurrency Economy Gains US$13 Billion This Week The weekend is here and digital asset traders are trying to figure out what’s next in the land of crypto trading. There’s been some improvement since…

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India: Crypto Ban Sees First Casualties as ZebPay Closes Doors

ZebPay officially announced that it was forced to stop activity due to legal and regulatory obstacles.  ‘Curb on Bank Accounts … Crippled Our Ability’” Indian exchange Zebpay’s announcement came via Medium less than a month after they informed customers they will halt fiat transactions. On September 4th, the exchange’s blog relayed that the company will refund users the amounts they deposited on Zebpay accounts. The announcement also expressed regret that the Reserve Bank of India (RBI) chose to disrupt the cryptocurrency market of India. The exchange has long fought the pessimism about cryptocurrencies…

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Wendy McElroy: Crypto’s Means Are Its End – as Crypto-Statists Well Know

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 6 Crypto’s Means are Its End, as Crypto-Statists Well Know The problem of the Means is, as I see it, a twofold problem: first, the problem of End and Means; second, the problem of the People and the State, that is, the means by which the people can supervise or control the State….[M]eans must be proportioned and appropriate to the end, since they are ways to the end, so to speak, the end itself…

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